The Son of Finance of the Great Age

  Chapter 892 Long-term layout

   Soon, Barclays surrendered to the UK Monetary Authority and the Federal Reserve, admitting that its traders had manipulated the LIBOR US interest rates when quoting them.

  The news immediately shocked the law enforcement agencies in the United Kingdom and the United States. They also suspected that there was manipulation in the market before, but they stopped at the stage of suspicion. Now that someone has voluntarily surrendered, they have immediately launched their investigation procedures.

   Soon, Tom Hayes was secretly arrested. Not long after entering, he confided everything he knew like a bamboo tube pouring beans.

   This time the whole matter was overwhelmed, and the media soon got relevant news.

  Like a drop of water into a boiling oil pan, the financial industry all over the world immediately boiled. There is no other reason. There are too many financial products based on LIBOR. It can be said that in addition to the US market, the pricing of financial products in Europe and even some regions in Central Asia and Africa is also based on LIBOR interest rates.

   This is a trillion-dollar market, yet it is manipulated by traders from dozens of banks!

Those banks that were not qualified to enter the LIBOR quotations began to criticize the UK Monetary Authority, and the politicians behind them also frequently voiced their voices. Some MPs representing the interests of import and export companies soon joined the ranks, and the media reported extensively. These contents created a huge pressure of public opinion for a while.

  Under such powerful voices, even the governments of the United Kingdom and the United States could not bear it. Their heads came out one after another and stated that they would conduct a comprehensive investigation and in-depth investigation of the relevant banks and would never tolerate any consortium. At the same time, it also stated that it will rectify and improve the current LIBOR quotation system, investigate whether there are similar manipulations in other currencies, and ensure that similar incidents will not happen again.

   With such statements and guarantees, the anger in the financial world finally calmed down.

  As the investigation deepened, one bank after another was exposed, including Bank of America, UBS, Deutsche Bank and other giants from various countries.

   It’s just that these giants usually spend a lot of money on maintaining political and business relations, but at this time no congressman is willing to stand up for them. In the end, they can only rely on their own strength to deal with the investigation. But in the case of solid evidence, accepting them is nothing more than a high fine of hundreds of millions of dollars.

On the contrary, Barclays Bank, which was the first to stand out, was finally held accountable because of the voluntary "surrender", but because of its meritorious performance, it was eventually fined more than 200 million U.S. dollars by the U.S. regulators and closed the case. The least punished of these banks.

   To a certain extent, Barclays became the big winner of this incident.

   "I originally wanted you to investigate the reasons for the different interest rates, who knew you would make such a move!"

Gao Dongfang held up his teacup and praised Zhong Shi, "Do you know? This matter has alarmed even the highest level. Let us issue a report on the safety of China's foreign exchange reserves. Good guy, because of you, the whole world is in turmoil !"

"because I?"

Zhong Shi glanced at the other party in surprise, and asked in puzzlement, "Did you not understand that they were manipulating the whole thing, I just revealed it to the world, this kind of behavior should be punished Reward, how can you blame me?"

   "Hey, you're just boring!"

  Weakly moved his head away, Gao Dongfang was directly defeated, "I was just joking, why do you speak so seriously every time, without any interest!"

  Zhong Shi curled his lips, but did not speak.

   On the other hand, the beautiful woman who was making tea, pursed her lips and laughed silently.

  Recently, among the wealthy circles in Hong Kong, there has been an upsurge in health preservation, the core of which is drinking tea. What they drink is not ordinary tea. From the person who makes the tea to the picking of the tea, they are all very particular. For example, the person who makes tea must be a woman who has not been out of the court. Needless to say, she looks young and beautiful, and she must not be hot in her birthday horoscope, otherwise she will be opposed to tea.

  Although Zhong Shi didn't believe this, but the hospitality was hard to give up, so he had to go to this tea house with Gao Dongfang.

  The place where they are now is the center of an artificial lake. In the center of the lake, there is a small island filled by people. A rain pavilion is built on it, which can accommodate five or six people to make tea and enjoy the scenery. Around this small lake with a size of five or six mu, green bamboos are planted. When the breeze blows gently, there is a sound of rustling, which makes people feel refreshed and happy.

   Quiet amidst the noise.

  The way to and from the island in the center of the lake is also quite interesting. At the beginning of the design, the island was isolated and had no way to communicate with the outside world. Zhong Shi and Gao Dongfang boarded the middle of the lake in a flat leaf boat. And after they landed on the island, Bian Yezhou and that beautiful boat lady disappeared without a trace.

  On the entire island, apart from Zhong Shi and Gao Dongfang, there is only one other tea lady wearing a cheongsam.

  This tea girl looks twenty years old, with a pretty face and a hot figure. The cheongsam perfectly displays her graceful figure, and the faintly exposed white thighs make people feel anxious.

At this time, her hands were like butterflies wearing flowers, beating rapidly between the tea sets: sometimes making tea, sometimes raising soup, and after several processes such as deboiling and cleaning slag, she brought the yellow tea to the two of them. .

   "After this incident, Huatou's additional issuance project should come to an end for the time being, right?"

After receiving the tea, Zhong Shi nodded slightly, thanked the tea lady, and was not in a hurry to drink it. After playing with the tea cup in his hand for a long while, he asked leisurely, "At least Huatou will not consider it until the turmoil is over. Is there something about the increase?"

   "Hey, you're right!"

Gao Dongfang touched his chin and sighed sincerely, "After such an incident, the entire additional issuance has been stopped. Now the top management is considering continuing to issue bonds, or embezzling funds from other places. After all, there are still A lot of foreign exchange reserves have no place to invest. If I predict correctly, some of the US bonds may eventually be sold to raise funds."

   "By the way, don't buy euros these days!"

Zhong Shi nodded, raised his head and drank the tea in one gulp, a stream of coolness went straight from his throat into his body, and he walked all over the internal organs in an instant. Vigorously, the mind also became very clear.

   "Good tea!" He couldn't help but praise, and at the same time handed the cup to the tea lady, "Please give me another cup, thank you!"

"Hey, have you realized the benefits of this tea now? Let me tell you, just such a small cup of tea is more expensive than gold, but it is definitely worth the money! You were disgusted before, but now you know the benefits of this thing Bar!"

Seeing the look on Zhong Shi's face, Gao Dongfang couldn't help teasing, "Look at you, you don't know how to enjoy life after making so much money. It's really the rhythm of starving to death while sitting on Baoshan. By the way, you What did you just say?"

  He was complacent for a long time, and then realized that he seemed to have said something just now, and he couldn't remember it for a while.

   "I mean, don't touch the euro anytime soon!"

Zhong Shi ignored his teasing, took a sip of a cup of tea, and said slowly, "Not only Huatou, but also the country's foreign exchange reserve policy. For a long time, the European side may implement the QE policy, and the value of the euro will fall at that time, and if it reserves the euro at this time, it may suffer a big loss in the future.”

   "Europe will implement QE?"

Gao Dongfang was so shocked that he didn't even bother to taste the tea in his hand. After hastily putting down the cup, he asked anxiously, "Zhong Sheng, you must understand the seriousness of this matter. If they really implement QE, then the foreign exchange policy of the whole country will have to be adjusted, this is a huge matter, we must figure it out.”

"If you ask me where I got the news, I have nothing to say, because no one has told me about it. You also know that this is highly classified and no one will tell me until it is officially announced. "

Zhong Shi’s expression remained unchanged, and his tone was as calm and calm as ever, “But according to my observations and my talks with the German Chancellor, I think there is a game going on within the EU about whether to implement the QE policy, and this The final result of the game is likely to be the implementation of the QE policy."

   "Have you had a meeting with the Chancellor of Germany?"

  Hearing Zhong Shi's words, Gao Dongfang fell silent, his eyes kept rolling, not knowing what he was thinking.

   "I don't need to tell you more about the economic situation in Europe, I believe you and I know about the same!"

Zhong Shi continued, "Under such circumstances, there is not much room for them to choose policies. Today I want to use your mouth to bring a message to the high-level. Of course, this is my personal opinion. As for whether you believe it or not, Then I don't know. Besides, I won't take the responsibility."

In order to cope with the fluctuations brought by the U.S. dollar to the domestic currency and the impact of such fluctuations on the export industry, Huaxia has gradually implemented exchange rate reforms since 2004. One of the important contents is that it no longer uses the U.S. dollar as the single foreign exchange currency and replaces it with the U.S. dollar. It is a basket of monetary policy including the dollar, euro, yen, etc. Although the U.S. dollar still occupies the bulk, the diversification of currencies undoubtedly greatly reduces the systemic risk of foreign exchange.

  In this basket of currencies, in addition to the US dollar, the euro is the most. Therefore, if there is a change, it means that in the entire foreign exchange system, the share of the second largest currency will undergo a huge change.

China's foreign exchange system is as high as trillions of dollars. This change may lead to changes in the value of tens of billions or even hundreds of billions of dollars. Therefore, even if it is as strong as Zhongshi, it can only give its own opinions and dare not bear the burden. such a responsibility.

"understood!"

Gao Dongfang was clearly aware of the consequences of this change, and also understood Zhong Shi's painstaking efforts in not wanting to take responsibility, but he quickly asked, "If the euro really implements QE, then you should not just sit idly by, right? ?”

   “Of course I trust my own judgment!”

Facing the other party's temptation, Zhong Shi frowned slightly, and replied with some displeasure, "Don't test me, as for my own views, I will resolutely implement them in my investment activities. Tianyu Fund has already started a large-scale It is estimated that the scale of short-selling the euro will reach hundreds of billions of dollars. If QE is finally implemented in Europe, this will be the largest transaction in the history of Tianyu Fund.”

   "Hundreds of billions of dollars?"

  Gao Dongfang opened his mouth wide in surprise, unable to close it for a long time. After a long time, he looked at Zhong Shi strangely, and said cautiously, "But if you make a wrong bet, do you have to lose so much money?"

   Not only him, but even the tea lady who was concentrating on making tea at the side shook her hands and almost threw the teapot into the charcoal fire.

   "Hey hey hey, do you think I'd be so stupid to play such a big gamble?"

Faced with Gao Dongfang's doubts, Zhong Shi chuckled and said, "The means of hedge funds are unimaginable. In addition to short selling in the spot market, I also sell a lot of call options as a hedge. Buying will raise the price of the option market, but fortunately, I get in before the market wakes up, at least I can hedge most of the risks.”

   "In addition, I am firmly not optimistic that Europe's economy will recover in the short term, not only because of their own reasons, but also because of the risks at the edge of the region. I think the civil war in Syria will greatly affect the pace of European economic recovery!"

   Thanks to book friends Singularity University, Depressed Demon Soul, and book friends 150715165610930 for voting monthly! Thanks to book friend kevinlily for the reward! I just found out that even the chapter number was published wrongly yesterday. I may have read the wrong line. I was really drunk...It’s easier to feel tired and dizzy when it’s hot, but fortunately the content is correct, everyone forgive me~ I still hope that all book friends can read Continue to support this book and strive for good results this month, thank you everyone~

  (end of this chapter)